Hold my beer on the market reaction comment. BAU.

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mondyinvest

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23/11/22

15:25

Post #: 64944760
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Originally posted by mondyinvest: ↑

A pleasant surprise to see a profitable ASX microcap managing to do a small (and sensible-looking?) acquisition without having to tap its shareholders for money like the rest of that market right now.

Though having said that it’s down 6.5% on almost double the average volume over the past four weeks, so perhaps someone better acquainted with the company than I is not so impressed. I wonder if this is a reflection of the reduction in cash, yet looking at the Annual Report, at 30/06 they had $11.6M in cash and $1.9M in receivables due, so $13.5M positive position and are currently profitable as far as we know. Curious for others’ takes on this acquisition and the market reaction? (if indeed anything can be read into it).

The loss of the 4C reports is a small blow for me as that’s how I like to track stuff, but the fact they’re no longer required to submit them speaks to their own success.

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Hold my beer on the market reaction comment. BAU.

XF1 Price at posting: 38.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 15.0¢		Change -0.005(3.23%)		Mkt cap ! $33.01M

Open	High	Low	Value	Volume
15.0¢	15.0¢	15.0¢	$2.143K	14.28K

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No.	Vol.	Price($)
1	100000	15.5¢

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Price($)	Vol.	No.
16.0¢	17519	3

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No.	Vol.	Price($)
1	100000	0.155
1	23613	0.150
1	128096	0.135
4	119000	0.130
1	500000	0.125

Price($)	Vol.	No.
0.160	17519	3
0.165	69500	1
0.170	294273	3
0.180	41059	1
0.200	100000	1

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Hold my beer on the market reaction comment. BAU.

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Hold my beer on the market reaction comment. BAU.

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